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Washington Trust Provides $3.9M Financing For Industrial Property Acquisition At 75 John Hancock Rd, Taunton, MA
FINANCED
$3,900,000
Massachusetts
See Similar DealsIndustrial34,236 SF
Financed 05/16/2023
FINANCED
Washington Trust Provides $3.9M Financing For Industrial Property Acquisition At 75 John Hancock Rd, Taunton, MA
75 John Hancock Road
See Similar DealsIndustrial34,236 SF
Financed 05/16/2023
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$113
Total Square Footage:34,236 SF
Transaction Type:Loan
Washington Trust’s Commercial Real Estate Group has provided $3.9m in financing to a Berkeley Partners entity for the acquisition of an industrial property located at 75 John Hancock Road in Taunton, Mass. The property is an industrial asset with an address of 75 John Hancock Rd Taunton, MA 02780. The loan amount for this acquisition is $3,900,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,900,000
- Loan Type: Acquisition
Berkeley Partners, represented by their broker, was the buyer in this transaction. The property is an industrial asset located at 75 John Hancock Road in Taunton, Massachusetts.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,900,000.00
Monthly NOI$26,000.00
Monthly Debt Service$24,650.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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